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Before making a major financial decision you
should consult a qualified professional.

The
calculations assume that the income is earned by a single person, and that there
is no other type of income included in taxable income. The tax
rates used are as known on June 13, 2016, except for May 29, 2017 revisions to
New Brunswick (re dividend tax credit rates that were revised by Bill 32
in Jul 2016), BC (re MSP rates announced Sep 2016) and NS (corrected
non-eligible dividend tax credit rate). The total taxes payable include
any alternative minimum tax, where applicable.

To see the tax results for your own income situation, and how it would
change if the type of investment income changes, use our Income
Tax Planning Calculators, in particular the Investment
Income Tax Calculator. However, the Investment Income Tax
Calculator does not include BC MSP in the total taxes, because MSP is not
actually part of the income tax system. In the detailed Canadian
Income Tax and RRSP Savings Calculator, the BC MSP is shown at the bottom
of the calculator, but not included in the total taxes payable.